Purchased Companies definition

Examples of Purchased Companies in a sentence

• Intercompany balances and accounts solely among any of the Purchased Companies shall not be affected by this provision.

• Each of the Company, the Purchased Companies and their Subsidiaries is duly qualified or authorized to do business as a foreign corporation (or other applicable entity) and is in good standing under the Laws of each jurisdiction in which it owns or leases real property and each other jurisdiction in which the conduct of its respective business or the ownership of its respective properties requires such qualification or authorization.

• Except as set forth on Section 4.15 of the Sellers Disclosure Letter, no agent, broker, Person or firm acting on behalf of the Purchased Companies, Sellers or any of their respective Affiliates is, or shall be, entitled to any broker’s fees, finder’s fees or commissions from Purchaser in connection with this Agreement or any of the transactions contemplated hereby.

• Prior to the Closing, Sellers shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision of the Purchased Companies and the Businesses and shall at all times exercise complete control and supervision of all of its other businesses and operations.

• Following the Closing Date and for a period of ninety (90) days thereafter, Purchaser and its Affiliates, including the Purchased Companies, shall use commercially reasonable efforts to collect any Aged Accounts Receivable and Purchaser and its Affiliates, including the Purchased Companies, shall not forgive the payment of any such amounts, or modify the terms of payment with respect thereto, without Sellers’ prior written consent.